News Update

Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.

 

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Date News Title Source
18 October 2012 4000 to 5000 MW new geothermal for Indonesia by 2015 Clean Technica
18 October 2012 India to invite private firms to build strategic crude oil reserves Mint
16 October 2012 Malaysia: Push for liquefied natural gas Oxford Business Group
15 October 2012 Sri Lanka hikes renewable energy tariffs by over 20-per cent Lanka Business Online
11 October 2012 Malaysia wants over 5 per cent renewable energy by 2015 Bikya Masr
9 October 2012 MNRE targets 45,000 sq m of solar collectors, identifies five user industries The Hindu Business Line
5 October 2012 TERI to light up rural lives in Pakistan; promote bilateral peace India Education Dairy
2 October 2012 24.9 GW of renewable energy capacity for Japan by 2016? Clean Technica
30 September 2012 Solar, windmill research project to be launched by Virginia Tech in India Newstrack India

 
India: GAIL readies $1billion war chest for shale gas
The Times of India, 3 November 2011

State-run utility GAIL has drawn up a war chest of $1 billion for acquiring shale gas assets abroad and will pump $400 million into importing gas in ships (liquefied natural gas) and petrochemicals through its Singapore trading desk. The trading office will also look at logistics and shipping requirements for moving LNG to India. It will identify sellers for long-term, short term and spot supplies, besides make money through arbitrage. Initially, the focus will be on LNG that will make up about 90% of the trading.  Read full story...